Page 11 - Power Sector

EESL ties up with APEPDCL to promote energy efficiency, conservation

State-owned Energy Efficiency Services Ltd (EESL) on Wednesday said it has partnered with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. Under the 'Energy Efficient Appliance Programme', the partnership will provide a comprehensive energy efficiency solution to both residential and institutional consumers of APEPDCL. The discom portal will raise consumer awareness about the energy efficiency solutions programme through web portal, text messages, and WhatsApp. "EESL has signed an agreement with APEPDCL to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. The agreement aims to provide access to energy-efficient solutions, extending the benefits of savings of electricity bills for consumers at a large scale," EESL said in a statement. "This partnership is poised to deliver substantial benefits to

India set to register biggest jump in coal-fired power in a decade

The world's most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years

Industrial output grows 5% in April on good show by mining, power sectors

India's industrial production grew 5 per cent in April this year mainly due to good show by mining and power sectors, according to official data released on Wednesday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4.6 per cent in April 2023. India's Index of Industrial Production grew by 5 per cent in April 2024, an official statement said. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 3.9 per cent in April 2024 against 5.5 per cent in the year-ago month. In April this year, mining production rose 6.7 per cent and power output increased 10.2 per cent.

How smart meters are powering change for companies, consumers in country

Devices help electricity firms in preventing leakages and improving revenue by providing real-time data

Stable policy, revenue visibility, regulated margins triggers for NTPC

The receivables situation may become significant, given the prior history of the power sector

Renewables, transmission to fuel power sector investment: Moody's

India needs $190-215 bn for 500 Gw renewable goal by 2030

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

Best of BS Opinion: Using GST as consumption proxy, The ANC's choices, more

Here is the best of Business Standard's opinion pieces for today

Surge of free power raise red flags for green technology investors

For more than a million consumers, that meant getting free electricity to heat their homes or charge their vehicles

This smallcap power related stock zoomed over 100% from its March low

Shares of Techno Electric & Engineering hit a record high of Rs 1,218.75, and were up 9% on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy Q4 performance.

India's peak power demand touches new record high of 246 Gigawatts

During the current year, May has witnessed several power demand records

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

Electricity subsidies are getting done better

On-Budget subsidies create more gratitude in the voter

Power Mech Projects Q4 results: Net profit rises 13% to Rs 84 crore

Power Mech Projects Ltd on Monday reported a 13 per cent rise in consolidated net profit to Rs 84.41 crore for the March quarter on account of higher income. It had clocked Rs 74.57 crore profit after tax (PAT) in the year-ago period, the company said in an exchange. The company's total income rose to Rs 1,311.86 crore, from Rs 1,183.20 crore in January-March FY23. During the period under review, its expenses stood at Rs 1,189.69 crore, as against Rs 1,070.49 crore a year ago. The board of the company also approved a final dividend of Rs 2 per share for FY24. Hyderabad-based Power Mech Projects Ltd is into the power and infrastructure sectors.

Power Finance Corporation Q4 result: Net profit up 23% at Rs 7,556 cr

The company is expected to borrow around Rs 1 trillion to 1.20 trillion in the financial year

Thermal PLFs to remain healthy amid power demand-supply mismatch: Ind-Ra

India Ratings and Research on Wednesday maintained a neutral outlook for the power sector, noting that thermal PLFs (plant load factor or capacity utilisation) will remain healthy amid demand-supply mismatch in FY25. "India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, as it believes the overall plant load factor of thermal power plants would continue to improve and reach closer to 70 per cent in FY25," an Ind-Ra statement said. This is attributed to continued higher power demand, a ramp-up in domestic coal production, slower capacity additions and continued dependence on coal-based generation till sufficient storage capacity is built up for energy transition towards renewables, it added. "Ind-Ra continues to see a demand-supply mismatch in the power market, which would lead to a continued uptick in plant load factors of thermal plants and elevated merchant tariffs," said Bhanu Patni, Associate Director, Corporate Ratings, Ind-Ra. Pat

The power gap

Battery storage systems can maximise RE

Despite India's renewables push, it's fossil, fossil burning bright

With a record hot summer and with unprecedented weather events feared this year, India's grid operators are falling back on coal

L&T's power transmission biz bags multiple orders in India, overseas

Larsen & Toubro (L&T) on Wednesday said its power transmission and distribution business has bagged multiple orders in the country and overseas. The business has bagged orders to set up two floating solar plants in India. Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work. There are other site-specific merits too, besides reduction of water evaporation. The power transmission and distribution (PT&D) vertical has also received orders to set up transmission lines and a gas insulated substation to integrate solar energy zones in Rajasthan and Karnataka. These crucial links will enable the evacuation of renewable energy to load centres in various parts of the country. The company has also another order to build a gas insulated substation overseas. "The ...

Gajanan S Kale takes over as CEO of Tata Power Delhi Distribution

Before joining Tata Power-DDL, Kale served as the Chief Executive Officer of TP Western Odisha Distribution Limited (TPWODL) since 2021